This year has been another record one on the financial side for Energy Transfer (NYSE: ET). The pipeline giant is on track to generate between $11 billion and $11.1 billion in adjusted EBITDA this year, up more than 16% from 2018's level. That's an improvement from its initial view that it would produce between $10.6 billion and $10.8 billion of adjusted EBITDA in 2019.
While the energy company hasn't put out its official guidance for 2020 just yet, it should be another record year. That was evident given all the growth the company has coming down the pipeline, which its management team discussed on the third-quarter conference call.
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